The PancakeSwap community has approved a proposal to reduce the maximum supply of CAKE tokens from 450 million to 400 million. The vote passed just a week after the proposal was introduced, signaling strong community support.
PancakeSwap said the supply cut aims to make CAKE scarcer while keeping a limited reserve for future development needs. With about 350 million tokens already in circulation, only 50 million CAKE will now remain available.
The move follows earlier changes under Tokenomics 3.0, which reduced daily token emissions and removed the veCAKE staking system. PancakeSwap has also increased token burns using trading fees and other revenue streams.
However, some critics argue that supply cuts alone do not guarantee higher prices. They say demand and liquidity matter more than scarcity. Market reaction has been mixed, with CAKE prices dipping slightly despite higher trading volumes. Still, the token has posted gains over the past month.
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